Breaking News: Asia
U.S. can hold AI talks with China because ‘we are in the lead,’ Bessent tells CNBC as nations plan safety protocol
Key Points U.S. Treasury Secretary Scott Bessent spoke with CNBC’s Joe Kernen from the sidelines of the U.S.-Chinese presidents’ meeting in Beijing. Bessent said the two countries would establish a protocol for AI safety, adding they were having a “wholesome” dialogue because the U.S. is “in the lead” in the race to develop the technology. […]
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Trump, Xi begin summit in first U.S. presidential trip to Beijing in nearly a decade
U.S. President Donald Trump (R) is greeted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026 in Beijing, China. The trip by Trump is focused on trade, regional security, and strengthening bilateral ties between the world’s two largest economies. China Pool | Getty Images News | Getty Images […]
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China’s Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected
Chinese tech giant Tencent on Wednesday reported revenues rose 9% in its first-quarter 2026 earnings, but missed analyst expectations. Here’s how Tencent did in its first-quarter earnings for 2026, compared to LSEG analyst forecast data: Revenue: 196.5 billion Chinese yuan, compared to estimates of 199 billion Chinese yuan. This is breaking news. Please refresh for […]
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Asia markets set to open mixed as investors watch Trump-Xi meeting and Iran tensions
A man wearing a protective face mask is reflected on a stock quotation board at a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 6, 2020. Issei Kato | Reuters Asia-Pacific markets were set to open mixed Wednesday, as investors digest a hotter-than-expected inflation reading for April amid concerns over higher oil prices […]
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China consumer, wholesale inflation tops estimates in April as Iran war drives energy costs higher
A shopper walks past a Coach retail store inside a shopping mall on March 24, 2026 in Shenzhen, Guangdong province, China. Cheng Xin | Getty Images China’s consumer and producer inflation jumped more than expected in April as the Middle East conflict drives commodity costs higher, offering a reflationary boost to the economy. Consumer prices […]
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South Korea’s Kospi hits fresh record as Asia markets trade mixed amid oil surge, Iran risks
South Korea’s Kospi opened at a fresh record Monday, leading gains in Asia-Pacific markets amid rising oil prices and escalating tensions between the U.S. and Iran. President Donald Trump’s rejection of Tehran’s latest proposal to end the war, however, stoked worries over an elongated Middle East conflict. Iran submitted a new proposal to U.S. negotiators focused […]
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Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump
Toyota signage at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC Japan’s Toyota Motor on Friday reported a 49% drop in fourth-quarter operating profit, missing analysts’ estimates as U.S. tariffs and intensifying competition from Chinese automakers pressured earnings. Here are Toyota’s results compared with median estimates from LSEG: Revenue: 12.6 […]
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Asia-Pacific markets set to open lower on fresh Iran-U.S. tensions following clashes
Offshore vessel ‘Zakher Duty’ at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. Amr Alfiky | Reuters Asia-Pacific markets were set to open lower Friday, as concerns grew over renewed hostilities between Iran and the U.S. amid […]
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Asia-Pacific markets set to track Wall Street gains as Trump signals de-escalation in Iran conflict
A man looks at a screen showing global stock market information on the street in Tokyo, Japan. Chris McGrath | Getty Images Asia-Pacific markets were set to open higher, tracking Wall Street gains overnight as a drop in oil prices and strong earnings lifted investor sentiment. Signaling diplomatic efforts for resolving the Middle East crisis […]
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HSBC first-quarter pre-tax profit misses estimates on wider-than-expected credit losses
Europe’s largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts’ estimates on the back of larger-than-expected credit losses and other impairment charges. HSBC’s revenue gained 6%, year on year, exceeding estimates. Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank. Pre-tax profit: $9.4 billion vs. $9.59 billion […]
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